Soybean rose yesterday on overnight gains in the U.S. soybean futures. In the Indore spot market in top producer Madhya Pradesh, soybean price was steady at 1,943 rupees.  Soyabean yesterday we have seen that market has moved 0.79%. Market has opened at 1962 & made a low of 1959.5 versus the day high of 1974. The total volume for the day was at 72140 lots and the open interest was at 148260.Support for soyabean is at 1961 below that could see a test of 1953. Resistance is now seen at 1976 above that could see a resistance of 1982.

Trading Ideas:

Soyabean trading range is 1953-1982.

Soybean rose yesterday on overnight gains in the U.S. soybean prices

Resistance for the soyabean is at 1982 and support is at 1953.

NCDEX accredited warehouses soyabean stocks remained steady at 6508 tonnes.

In Indore spot prices remained steady at 1,943 rupees per 100 kg

SELL SOYABEAN MAY @ 1970-1975 SL 1992 TGT 1956-1940.NCDEX